Indra Sistemas Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	435.83	277.54	205.75	171.9	143.37
Depreciation & Amortization	74.49	66.22	60.06	58.73	59.08
Other Amortization	44.55	40.73	39.01	41.12	34.46
Asset Writedown & Restructuring Costs	0.28	0.31	0.97	0.65	-13.07
Loss (Gain) From Sale of Investments	-	-	-	0.53	0.3
Loss (Gain) on Equity Investments	3.17	5.47	3.22	2.28	-0.55
Other Operating Activities	-104.81	66.07	56.43	100.45	65.72
Change in Accounts Receivable	-318.57	121.31	53.95	-8.76	15.36
Change in Inventory	-150.2	-125.85	-116.41	-102.06	78.89
Change in Accounts Payable	299.8	78.86	26.06	65.42	-36.79
Change in Other Net Operating Assets	231.71	-79.76	50.49	20.01	-2.13
Operating Cash Flow	516.24	450.9	379.52	350.26	344.64
Operating Cash Flow Growth	14.49%	18.81%	8.35%	1.63%	75.97%
Capital Expenditures	-44.08	-23.56	-22.99	-24.29	-14.14
Sale of Property, Plant & Equipment	-	0.26	-	-	40
Sale (Purchase) of Intangibles	-93.7	-87.44	-39.72	-29.83	-35.01
Investment in Securities	-807.93	-31.42	-284.16	-27.15	-41.44
Other Investing Activities	71.44	60.25	72.6	26	23.82
Investing Cash Flow	-874.27	-81.91	-274.27	-55.27	-26.77
Long-Term Debt Issued	1,074	-	-	37.27	71.92
Long-Term Debt Repaid	-155.81	-185.81	-285.05	-537.86	-264.77
Net Debt Issued (Repaid)	917.74	-185.81	-285.05	-500.59	-192.85
Issuance of Common Stock	547.29	121.36	92.53	120.12	105.1
Repurchase of Common Stock	-578.03	-150.12	-125.03	-122.64	-109.94
Common Dividends Paid	-43.92	-44.1	-44.09	-26.46	-
Other Financing Activities	-88.77	-75.05	-77.98	-76.05	-71.52
Financing Cash Flow	754.31	-333.72	-439.63	-605.62	-269.21
Foreign Exchange Rate Adjustments	-12.36	-15.02	-2.92	8.64	1.51
Miscellaneous Cash Flow Adjustments	37.13	-60.84	-	-	-
Net Cash Flow	421.05	-40.59	-337.3	-301.99	50.17
Free Cash Flow	472.16	427.33	356.53	325.98	330.49
Free Cash Flow Growth	10.49%	19.86%	9.37%	-1.37%	87.14%
Free Cash Flow Margin	8.48%	8.68%	8.11%	8.38%	9.62%
Free Cash Flow Per Share	2.69	2.43	1.89	1.69	1.71
Cash Interest Paid	55.72	44.66	44.31	37.08	36.68
Cash Income Tax Paid	133.44	85.16	78.41	56.27	46
Levered Free Cash Flow	21.39	188.69	188.91	115.04	32.56
Unlevered Free Cash Flow	49.99	209.54	210.6	133.2	54.94
Change in Working Capital	62.74	-5.45	14.09	-25.39	55.33

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.